On Wednesday, the United States and China signed off on the first phase of a trade agreement that plants some relationship certainty in the ground. Yes, this will be good for Midwest farmers.
Were describing it as a trade deal, but its as much a temporary cessation of hostilities as it is the dawning of a new era. Well take it. Global trade is enormously important to the Midwests farmers and manufacturers. Trade disruptions are costly. Speaking of which, theres other news to celebrate: The Export-Import Bank is back in full operation after a long period in political limbo. More about that below.
AN EXTRA $80 BILLION FOR U.S. FARMERS